Tuesday, May 21, 2024
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As Tech Shares Recover, Stocks Advance To Start The Week

As trading for the week got underway, stocks increased as investors piled into tech stocks following previous setbacks.

By 159 points, or 0.4%, the Dow Jones Industrial Average increased. The Nasdaq Composite increased by 0.8% and the S&P 500 increased by 0.6%.

After Morgan Stanley raised Tesla’s stock and forecasted a sizable rise due to advancements with its autonomous software, the company’s shares increased by more than 5%. After Qualcomm said Monday that it will provide Apple with 5G modems for handsets through 2026, the semiconductor company’s shares increased by more than 4%.

Source (CNBC)

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